Chinese Red Kidney Beans: Reduced Demand Has Put Producers in a Bind

DALIAN: The British red export market has entered the traditional off-season of sales. The market is quiet and prices are stable. Traders mainly focus on digesting inventory for rigid needs, and the amount of replenishment is limited. Reduced demand has put producers in a bind. Producers and traders replenish inventories according to demand. The new season of British Red will be available around the end of September. Stocks of red kidney beans are expected to be limited this month. Exporters have certain expectations for a reduction in the production of kidney beans this year, so some grain merchants are reluctant to ship at low prices, and prices are stable in the short term.

Current Market Price in China for Dark Red Kidney Beans